Search Results for: ipo

Kimly Limited – Balloting Results

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  Kimly announced that its IPO of 173.8m shares were collectively 8.3x subscribed on an overall basis. My back of envelope computation showed that the public tranche was 336x subscribed. For investors who applied for the public tranche, the balloting table is presented below: Investors who applied for 100k shares will have a 2:25 chance of getting 6,000 shares. The insiders, … [Read more...]

OUE C-REIT will see DPU declining.

Back in 2014, when OUE C-REIT had its IPO, I warned that its gearing was too high and its distribution yield (which was financially engineered to be higher through income support given by the sponsor) was too low given its IPO price of 80c a unit. The IPO was a good deal for OUE Limited. Cheers!  Investing in REITs, we should be prepared for fund raising because they distribute most of their … [Read more...]

Kimly IPO – The Complete Resources

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By now, I am pretty sure that most of the retail investors know that the upcoming IPO in Singapore is non-other than the home-grown traditional coffee shop, Kimly Limited (金味). Everyone are excited about it! Or is it? Anyway, following are some of the gist of Kimly's IPO: Company                 : Kimly Limited IPO Price                 : $0.25 per share Size of IPO Shares  : 3.8 … [Read more...]

KPO’s Virgin IPO (Kimly) After 4 Years!

I have never participated in any IPO after investing for 3/4 years. The reason is because one cannot do that with SCB and I have been trying to resist all temptations in order to accumulate all my investment in one account. I no longer need to do that as I have achieved that goal last month! I am sure by now everyone is familiar with our (SGX) very first kopi-tiam (it means coffee shop in … [Read more...]

KIMLY IPO

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I have applied for a decent number of shares of the upcoming KIMLY GROUP IPO. It has been really some time since I applied for IPOs as I am very selective when it comes to an IPO. I know of quite a number of folks who apply for IPO on a “lottery” mentality, meaning to say they will sell the IPO stocks at a premium if the stock debuts much above the IPO price on the very first day of the stock’s … [Read more...]

NikkoAM-StraitsTrading ex-Japan REIT ETF or "AK REIT ETF"?

I am feeling lazy, as always, and didn't want to write about the new REIT ETF but I received so many messages that I decided, maybe, I should say something. I didn't want to blog about the ETF because it is easy enough to understand. It will hold a basket of REITs, 23 to be exact, from countries such as Singapore, Hong Kong and Malaysia. It will distribute income quarterly and the distribution … [Read more...]

Kimly Limited

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Kimly Limited ("Kimly" or the "Company") is offering 173.8m shares at $0.25 each for which 170m shares is via placement and 3.8m shares via a public offering for a listing on Catalist. The offer will close on 16 March 2017 at 12pm and trading will start on 20 March 2017. The market cap based on the IPO price is S$288.7m. Principal Activities Kimly is the largest traditional coffee shop … [Read more...]

KIMLY GROUP IPO: SHOULD YOU APPLY?

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KIMLY GROUP IPO is the latest IPO for the Singapore stocks market. KIMLY GROUP IPO comes at the time when the Singapore stocks markets are behaving in a non-bullish manner after a great performance in January and February of the year. I believe Kimly GROUP IPO will be closely scrutinized by retail investors as investment ideas seem to dry from the current stocks markets. KIMLY GROUP is a … [Read more...]

Kimly Limited IPO – Should You Be Getting This?

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There's a new IPO in town and it's not any stranger to most neighborhood folks who have heard of the brand. Kimly Limited is inviting man on the street to become part of the shareholders by opening a total of 173,800,000 new shares which comprises of 170,000,000 placement and 3,800,000 public tranche at an offer of $0.25 for each share. Indicative Timetable About The … [Read more...]

Kimly IPO – Exciting Stuff?

(you may find the IPO prospectus here. in this post, I list some of my thoughts on the IPO) About Kimly Kimly has a total of 64 food outlets, including 56 coffee shops, 3 industrial canteens and 5 food courts. They claim to own a 5.8% market share in Singapore's food outlets as of 30th September. Apart from being a master leaseholder, Kimly also operates 121 food stalls and a Central … [Read more...]

$0.365 Cash Offer For GP Hotels Shares – Koh Wee Meng Can Do Better

SGX has seen more delistings than IPOs recently. It is a matter of time one of the stocks that we own would be the target of a delisting attempt. True enough, founder of GP Hotels Koh Wee Meng has offered to buy back shares of his company at $0.365 per share. He has also announced his intention to delist the company. We want to present our point of view about this delisting and explain why, … [Read more...]

OUE Limited is offering me money for IHC.

International Healthway Corporation Limited (IHC) was spun off from Healthway Medical Corporation (HMC) in 2013. Back then, its IPO price was 48c a share. Being a HMC shareholder, I was given free shares of IHC which I have mostly forgotten about until the recent saga in which the entire board of IHC was given the boot. Of course, it was revealed then that OUE Limited became a substantial … [Read more...]

ISOTeam Limited: Initiation Report

Business Model of ISOTeam Limited (‘ISO’) ISOTeam is founded in 1998 and listed on the SGX Catalist in July 2013 at an IPO price of $0.22 (equivalent to $0.11 today after a 1 for 1 bonus split in 2015). It is founded by David Ng (Chairman), Antony Koh (CEO) and Danny Foo (Director of Operations). The founders collectively own 42.1% stake in ISO through their investment vehicle, ADD Investment … [Read more...]

HPH Trust: DOWN but NOT OUT

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Hutchinson Ports Holdings Trust, more commonly known as HPH Trust traded at USD 39 cents per share on 23 Feb 2017. This stock price is near to the Trust’s lowest. To illustrate how low the stock price is now down, the Trust IPO price in year 2011 was USD 1.01 dollars. So now HPH Trust is trading at around 60% discount from its IPO price. The business fundamentals are reasons to why the Trust is … [Read more...]

2 reasons to stay away from Snap’s IPO

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(You may refer to Snap's S-1 filing here) To say that I am not a big fan of Snap's IPO would be an understatement - I would not touch Snap's IPO even with a ten foot pole. Here are the 2 biggest reasons: 1) No voting rights Source: Snap's S-1 filing Snap has 3 classes of common stock, and are offering only class A - those without any voting rights. What this essentially … [Read more...]

How well did S-REITs perform in 4Q16?

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As part of our goal to help investors better understand REITs, we are starting a new REIT series that aims to give a good summary of REIT performance during every quarter. We hope that through this “Report Card Series”, you can better grasp the important macro trends and factors that impacts the performance of REITs. While the quarterly reporting for Singapore-listed equities is still underway, we … [Read more...]

Top 10 Singapore REITs that made you money if you invested from their IPO

Lately, Sabana REIT has been getting a lot of attention when a small group of unitholders moved to kick out the manager for delivering poor performance since its IPO in 2010. Early investors who bought Sabana at an IPO price of S$1.05 are now sitting on huge losses – Sabana last traded at just 43 cents per share. If we look at the history, Sabana REIT isn’t alone. There are several other … [Read more...]

More income from Ascendas Hospitality Trust expected.

Quite a few readers asked me about investing in hospitality trusts and they usually ask me about FEHT or CDL HT. This is not surprising because they have a stronger presence in Singapore. I don't have a stake in either and with the oversupply of hotel rooms in Singapore, it is probably the case that hospitality trusts with a bigger exposure in Singapore will continue to struggle. Beyond this, I … [Read more...]

5 things I learned from Frasers Centrepoint Trust’s FY2016 AGM

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Bedok Point, one of the Frasers Centrepoint Trust’s (FCT) suburban malls located in the east of Singapore, has been losing its charm ever since a new shopping mall, Bedok Mall, located right next to Bedok Point, came into operation in 2013. The poor performance of Bedok Point is reflected in its net property income from 2012 to 2016: Bedok Point Net Property Income (in SGD millions) Bedok Point … [Read more...]